Paul Calello
Encyclopedia
Paul Calello was the chairman and CEO of the investment banking division of Credit Suisse Group
.
Callelo was born in Boston, and earned his undergraduate degree from Villanova University
in 1983. He received his MBA from Columbia Business School
in 1987, where, in October 2010, the Paul Calello Professorship of Leadership and Ethics was endowed in his honor by former colleagues.
He worked for the Federal Reserve in Boston
and New York
before starting his career in banking.
Calello was part of a derivatives team from Bankers Trust
who joined Credit Suisse in 1990 and was a member of the group that founded Credit Suisse Financial Products. He was named chairman of Credit Suisse First Boston
's Asian operations in 2002, and was widely credited for managing the bank's significant growth in the region. Leaving Hong Kong in 2007, Calello returned to New York to assume the role of global CEO of Credit Suisse's investment banking business. After being diagnosed with non-Hodgkin lymphoma
in 2009, he stepped down as CEO of the investment bank, but was appointed chairman ten months later.
Calello died at the age of 49 on November 16, 2010, at his home in Brooklyn
due to non-Hodgkin lymphoma
. He was survived by his wife and their four children.
Credit Suisse
The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...
.
Callelo was born in Boston, and earned his undergraduate degree from Villanova University
Villanova University
Villanova University is a private university located in Radnor Township, a suburb northwest of Philadelphia, Pennsylvania, in the United States...
in 1983. He received his MBA from Columbia Business School
Columbia Business School
Columbia Business School is the business school of Columbia University in Manhattan, New York City. It was established in 1916 to provide business training and professional preparation for undergraduate and graduate Columbia University students...
in 1987, where, in October 2010, the Paul Calello Professorship of Leadership and Ethics was endowed in his honor by former colleagues.
He worked for the Federal Reserve in Boston
Federal Reserve Bank of Boston
The Federal Reserve Bank of Boston, commonly known as the Boston Fed, is responsible for the First District of the Federal Reserve, which covers most of Connecticut , Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. It is headquartered in the Federal Reserve Bank Building in Boston,...
and New York
Federal Reserve Bank of New York
The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is located at 33 Liberty Street, New York, NY. It is responsible for the Second District of the Federal Reserve System, which encompasses New York state, the 12 northern counties of New Jersey,...
before starting his career in banking.
Calello was part of a derivatives team from Bankers Trust
Bankers Trust
Bankers Trust was an historic American banking organization. The bank merged with Alex. Brown & Sons before being acquired by Deutsche Bank in 1998.-History:A consortium of banks created Bankers Trust to perform trust company services for their clients....
who joined Credit Suisse in 1990 and was a member of the group that founded Credit Suisse Financial Products. He was named chairman of Credit Suisse First Boston
Credit Suisse First Boston
Credit Suisse First Boston was the former name of the banking firm Credit Suisse.-History:In 1978, Credit Suisse and First Boston Corporation formed a London-based 50-50 investment banking joint venture called the Financière Crédit Suisse-First Boston...
's Asian operations in 2002, and was widely credited for managing the bank's significant growth in the region. Leaving Hong Kong in 2007, Calello returned to New York to assume the role of global CEO of Credit Suisse's investment banking business. After being diagnosed with non-Hodgkin lymphoma
Non-Hodgkin lymphoma
The non-Hodgkin lymphomas are a diverse group of blood cancers that include any kind of lymphoma except Hodgkin's lymphomas. Types of NHL vary significantly in their severity, from indolent to very aggressive....
in 2009, he stepped down as CEO of the investment bank, but was appointed chairman ten months later.
Calello died at the age of 49 on November 16, 2010, at his home in Brooklyn
Brooklyn
Brooklyn is the most populous of New York City's five boroughs, with nearly 2.6 million residents, and the second-largest in area. Since 1896, Brooklyn has had the same boundaries as Kings County, which is now the most populous county in New York State and the second-most densely populated...
due to non-Hodgkin lymphoma
Non-Hodgkin lymphoma
The non-Hodgkin lymphomas are a diverse group of blood cancers that include any kind of lymphoma except Hodgkin's lymphomas. Types of NHL vary significantly in their severity, from indolent to very aggressive....
. He was survived by his wife and their four children.